http://www.cnbc.com/id/48281971 Long before Peregrine Financial Group's dramatic collapse last week, months before MF Global's meltdown...
Good info. That makes sense because PFG had listed about $400mm of Cust Seg Funds in the most recent CFTC report (on website "View Financial Data...
I wondered this myself! With only $6mm in the bank and a few thousand accounts, I do not understand how they met margin requirements.......
Do you have any conception of how FOOLISH you look to other people by writing incessantly about "making money" with your trading yet never showing...
Knight acquired Penson's exchange memberships, hardware/software and personnel for about $5mm. It fills a 'strategic gap' in the firm's...
Agreed. Advantage ADM Investor Services Knight Futures are among the best.
one of only two dunderheads I have on ignore. I suggest you do the same.
Penson's assets were bought up by KNIGHT (NYSE: KCG), which is a powerhouse in other asset classes. It should be a $1bb+ FCM inside of two...
PFG was never too legit. They're not even a clearing broker. They were a NON-CLEARING FCM. Only an FCM - Futures Commission Merchant can...
To address two posts @ once, I was deeply imbedded within the Chicago futures community for several years, including @ the CBOT and Merc. So...
I'm considering transferring business to ADM Investor Services. Because ADM is a highly profitable physical commodity processing business, with...
Those ATLAS ratings are truly laughable. I bet nobody who works for that firm has ever traded a single lot. Would you really open up an...
You don't seem to catch the nuance that before Corzine took over and screwed up what was then a 'medium-sized commodity firm' MF Global was a...
You're giving Wasendorf too much credit. At least alive he can face trial. I doubt this is a basic accounting irregularity. It's pretty...
I'm reading that they're short closer to $380mm.
That's completely untrue. Registered CTAs must disclose the performance of ALL ACCOUNTS THEY HAVE DIRECTED PERSONALLY, OR AS A PRINCIPAL OF...
FXCM is not illegitimate. They've been fined hard for doing shady stuff in the past, as most FX brokers have been. My critique of them is...
What many CTAs seem to do, and this would be our goal as well, as we grow, is simply to trade fewer and fewer contracts per amount of capital....
OP - before any planned major news release, like ISM, Unemployment, Jobless Claims, Home Sales, CPI, Retail Sales, etc., the order book thins...
Separate names with a comma.